AUD/NZD Textbook Head and Shoulders and Broken Rising Channel
We were very successful with our recent EURNZD trade which shares many similarities with this trade.
Head and Shoulders pattern is nearly completed
Look left and you will notice an upward channel that has broken to the downside
On a larger scale we are also in a downtrend. These patterns indicate a strong move to the downside.
Here is how the similar EURNZD trade played out:
Head and Shoulders pattern is nearly completed
Look left and you will notice an upward channel that has broken to the downside
On a larger scale we are also in a downtrend. These patterns indicate a strong move to the downside.
Here is how the similar EURNZD trade played out:
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